Violich Capital Management, Inc.

Fundamental diversified ★Signal CIK 1326766
League rank
#434
in Fundamental diversified · #2519 overall
Long book
$855.4M
Q1 2026
Positions
118
Top-10 weight
59%
concentration
Last quarter
+13.2%
SPY +14.8%
Turnover
13%
of book per quarter

Strategy in plain words

auto-generated from filings

Violich Capital Management, Inc. is a diversified fundamental manager, running a $855.4M US long book across 118 positions.

The portfolio is concentrated: the top 10 names carry 59% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ALPHABET INC-CL C, ALPHABET INC-CL A, MICROSOFT CORP, APPLE INC, COSTCO WHOLESALE CORP.

Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+5.0%
Q2 2024
+3.6%
Q3 2024
+0.8%
Q4 2024
-2.5%
Q1 2025
+6.4%
Q2 2025
+12.3%
Q3 2025
+4.8%
Q4 2025
-3.8%
Q1 2026
+13.2%

Sector allocation

Technology
48%
Consumer discretionary
9%
Healthcare
9%
Services media
8%
Financials
7%
Industrials
7%
Energy
4%
Consumer staples
4%

Long book by quarter

$698.8M
Q1 2024
$740.0M
Q2 2024
$769.3M
Q3 2024
$768.8M
Q4 2024
$741.2M
Q1 2025
$710.6M
Q2 2025
$840.4M
Q3 2025
$896.1M
Q4 2025
$855.4M
Q1 2026

What does Violich Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOG ALPHABET INC-CL CTechnology339.4K$97.4M11.4%-0.4%
GOOGL ALPHABET INC-CL ATechnology325.2K$93.5M10.9%-0.1%
MSFT MICROSOFT CORPTechnology179.6K$66.5M7.8%-0.9%
AAPL APPLE INCTechnology210.9K$53.5M6.3%-1.0%
COST COSTCO WHOLESALE CORPConsumer discretionary48.4K$48.2M5.6%-1.5%
V VISA INC-CLASS A SHARESServices media141.7K$42.8M5.0%-1.2%
ORCL ORACLE CORPTechnology194.7K$28.6M3.3%-8.4%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials57.6K$27.6M3.2%-1.0%
ABBV ABBVIE INCHealthcare110.5K$24.0M2.8%-0.8%
JNJ JOHNSON & JOHNSONHealthcare91.5K$22.4M2.6%-2.7%
LRCX LAM RESEARCH CORPIndustrials100.3K$21.4M2.5%Held
AMZN AMAZON.COM INCConsumer discretionary85.7K$17.9M2.1%+0.1%
CVX CHEVRON CORPEnergy73.9K$15.3M1.8%+2.0%
PM PHILIP MORRIS INTERNATIONALConsumer staples86.4K$14.3M1.7%+1.0%
HON HONEYWELL INTERNATIONAL INCIndustrials61.2K$13.8M1.6%-0.5%
PEP PEPSICO INCConsumer staples72.1K$11.2M1.3%-1.2%
AEM AGNICO EAGLE MINES LTDMaterials54.8K$11.1M1.3%+2.9%
XOM EXXON MOBIL CORPEnergy53.4K$9.1M1.1%+6.0%
UNH UNITEDHEALTH GROUP INCFinancials31.0K$8.4M1.0%+2.3%
JPM JPMORGAN CHASE & COFinancials28.2K$8.3M1.0%-0.3%
UNP UNION PACIFIC CORPIndustrials31.5K$7.6M0.9%+0.1%
AON AON PLC-CLASS AFinancials21.4K$6.9M0.8%-1.1%
DHR DANAHER CORPTechnology34.0K$6.4M0.8%-3.3%
ACN ACCENTURE PLC-CL AServices media32.4K$6.4M0.8%-2.4%
MRK MERCK & CO. INC.Healthcare50.3K$6.0M0.7%+0.1%
CSCO CISCO SYSTEMS INCTechnology74.1K$5.8M0.7%+3.6%
VZ VERIZON COMMUNICATIONS INCCommunications113.1K$5.7M0.7%-0.4%
AVGO BROADCOM INCTechnology18.1K$5.6M0.7%-0.7%
MA MASTERCARD INC - AServices media10.2K$5.1M0.6%-0.8%
NEE NEXTERA ENERGY INCUtilities52.4K$4.9M0.6%Held
GS GOLDMAN SACHS GROUP INCFinancials5.0K$4.3M0.5%-1.0%
COP CONOCOPHILLIPSEnergy29.7K$3.9M0.5%-33.1%
KO COCA-COLA CO/THEConsumer staples46.1K$3.5M0.4%Held
AMGN AMGEN INCHealthcare9.8K$3.4M0.4%-4.9%
CVS CVS HEALTH CORPHealthcare47.7K$3.4M0.4%-4.6%
ADP AUTOMATIC DATA PROCESSINGTechnology16.9K$3.4M0.4%-17.3%
NKE NIKE INC -CL BOther64.2K$3.4M0.4%+6.9%
META META PLATFORMS INC-CLASS ATechnology5.6K$3.2M0.4%-2.6%
BDX BECTON DICKINSON AND COHealthcare18.6K$2.9M0.3%-8.5%
PG PROCTER & GAMBLE CO/THEOther19.6K$2.8M0.3%Held
AMD ADVANCED MICRO DEVICESTechnology13.1K$2.7M0.3%Held
DE DEERE & COIndustrials4.7K$2.6M0.3%Held
CPAY CORPAY INCServices media7.2K$2.1M0.2%-1.4%
LMT LOCKHEED MARTIN CORPIndustrials3.4K$2.1M0.2%+13.3%
WMT WALMART INCConsumer discretionary12.6K$1.6M0.2%Held
NVDA NVIDIA CORPTechnology8.8K$1.5M0.2%+45.7%
LLY ELI LILLY & COHealthcare1.6K$1.5M0.2%+13.8%
SYK STRYKER CORPHealthcare4.6K$1.5M0.2%-9.8%
MCD MCDONALD'S CORPConsumer discretionary4.7K$1.5M0.2%+2.2%
DIS WALT DISNEY CO/THEServices media15.0K$1.4M0.2%-1.3%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 8, 2026118$855.4M canonicalSEC ↗
Q4 202513F-HRFeb 3, 2026114$896.1M canonicalSEC ↗
Q3 202513F-HROct 29, 2025109$840.4M canonicalSEC ↗
Q2 202513F-HRJul 29, 202599$710.6M canonicalSEC ↗
Q1 202513F-HRMay 2, 2025103$741.2M $K fixed canonicalSEC ↗
Q4 202413F-HRJan 29, 2025107$768.8M $K fixed canonicalSEC ↗
Q3 202413F-HROct 18, 2024111$769.3M $K fixed canonicalSEC ↗
Q2 202413F-HRJul 25, 2024109$740.0M $K fixed canonicalSEC ↗
Q1 202413F-HRApr 30, 2024109$698.8M $K fixed canonicalSEC ↗